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| Author: | Andersen, S. |
| Title: | Escape from "Safehaven": The case of Christiani & Nielsen's blacklisting in 1944 |
| Journal: | Business history
2009 : SEP, VOL. 51:5 p. 691-711 |
| Index terms: | political risks construction industry Denmark multinational companies strategy |
| Language: | eng |
| Abstract: | The case of the Danish construction firm Christiani & Nielsen in the period 1941-1945 illustrates that Scandinavian firms were not just pawns in a bigger political power game but were to a certain degree capable of promoting their own interests. It is unveiled that the political imperative is not only a matter of political risk but also of political opportunity. The history of Christiani & Nielsen is useful in assessing the political risks and fiscal opportunities confronted by multinationals working in dictatorial settings. It is concluded that, in a choice between a forestalling strategy and an absorption strategy, the latter offers a better way of managing such risks and to minimize exposure. |
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